PrairieSky Royalty (TSE:PSK) Insider Buys C$219,240.00 in Stock

Key Points

• Insider Andrew Phillips bought 6,300 shares for C$219,240, increasing his direct holdings by 0.69% to 919,602 shares.
• PrairieSky shares fell 4.2% to C$34.74 in Wednesday trading. The company reported quarterly EPS of C$0.36 and revenue of C$165 million.
• Analysts have a Moderate Buy consensus and an average price target of C$38.29; PrairieSky’s annualized dividend is C$1.06 per share, a 3.1% yield.

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) insider Andrew Phillips acquired 6,300 shares of the stock in a transaction dated Wednesday, November 4th. The stock was bought at an average cost of C$34.80 per share, with a total value of C$219,240.00. Following the completion of the purchase, the insider directly owned 919,602 shares in the company, valued at approximately C$32,002,149.60. The trade was a 0.69% increase in their ownership of the stock.

PrairieSky Royalty Trading Down 4.2%

TSE:PSK traded down C$1.54 during midday trading on Wednesday, hitting C$34.74. 512,366 shares of the company traded hands, compared to its average volume of 493,155. The firm has a market capitalization of C$8.08 billion, a P/E ratio of 28.95, a P/E/G ratio of 0.47 and a beta of 0.87. The firm's fifty day moving average is C$35.41 and its 200-day moving average is C$33.21. PrairieSky Royalty Ltd. has a 12-month low of C$24.76 and a 12-month high of C$38.08. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 3.55.

PrairieSky Royalty (TSE:PSK - Get Free Report) last posted its quarterly earnings data on Monday, October 26th. The company reported C$0.36 earnings per share for the quarter. The business had revenue of C$165.00 million for the quarter. PrairieSky Royalty had a net margin of 47.60% and a return on equity of 10.96%.

PrairieSky Royalty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were issued a dividend of $0.2650 per share. This represents a $1.06 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, September 29th. PrairieSky Royalty's dividend payout ratio is presently 87.92%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Scotia raised their price objective on shares of PrairieSky Royalty from C$36.00 to C$37.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 27th. BMO Capital Markets increased their price target on PrairieSky Royalty from C$39.00 to C$40.00 and gave the stock an "outperform" rating in a report on Tuesday, October 27th. Raymond James Financial raised their price target on PrairieSky Royalty from C$39.00 to C$42.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 28th. Royal Bank Of Canada boosted their price objective on PrairieSky Royalty from C$39.00 to C$42.00 and gave the company an "outperform" rating in a report on Wednesday, October 28th. Finally, National Bank Financial upped their price objective on PrairieSky Royalty from C$42.00 to C$43.00 and gave the company an "outperform" rating in a research report on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$38.29.

About PrairieSky Royalty

PrairieSky is a royalty-focused company, generating royalty revenues as oil and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating free cash flow and that represent the largest and most concentrated independently-owned fee simple mineral title position in Canada.

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